Logitech International S.A. (NASDAQ:LOGI) Director Acquires $202,800.00 in Stock

Logitech International S.A. (NASDAQ:LOGI) Director Guy Gecht purchased 2,500 shares of the stock in a transaction dated Thursday, October 24th. The shares were acquired at an average cost of $81.12 per share, for a total transaction of $202,800.00. Following the completion of the acquisition, the director now owns 18,503 shares of the company’s stock, valued at approximately $1,500,963.36. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Logitech International Stock Performance

Shares of Logitech International stock opened at $82.70 on Thursday. The stock has a market cap of $13.08 billion, a P/E ratio of 18.42, a P/E/G ratio of 2.44 and a beta of 0.79. The stock’s fifty day moving average is $86.70 and its 200 day moving average is $89.14. Logitech International S.A. has a one year low of $74.72 and a one year high of $102.59.

Logitech International Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 24th were given a dividend of $1.3687 per share. This is a boost from Logitech International’s previous annual dividend of $1.19. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 24th. Logitech International’s payout ratio is presently 11.63%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. StockNews.com cut shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. lowered their price objective on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Loop Capital cut their target price on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research report on Monday. Wedbush reiterated a “neutral” rating and set a $88.00 target price on shares of Logitech International in a research note on Wednesday, October 23rd. Finally, Barclays dropped their price target on Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $93.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC purchased a new position in Logitech International during the second quarter valued at approximately $35,000. Employees Retirement System of Texas bought a new stake in shares of Logitech International during the 2nd quarter valued at $63,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Logitech International by 139.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock valued at $82,000 after buying an additional 495 shares in the last quarter. Blue Trust Inc. boosted its holdings in Logitech International by 2,036.8% in the 2nd quarter. Blue Trust Inc. now owns 1,453 shares of the technology company’s stock worth $130,000 after buying an additional 1,385 shares during the period. Finally, Syquant Capital Sas purchased a new stake in Logitech International in the 2nd quarter worth $184,000. 45.76% of the stock is currently owned by institutional investors.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.